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Dec 6, 2013
12/13
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today, archaeologists struggle to reconstruct the economies of the ancient world, because an economy is essential to any society, past or present. to understand the evolution of economies is to better understand people of all places and of all times. captions by captionamerica, pittsburgh, pa. funding for this program was provided by... for more information on t annenberg media ♪ provided by: narrador: en este episodio raquel y arturo siguen con la búsqueda de angel el hijo de rosario y fernando. el viejo amigo de angel, héctor, llama a arturo.
today, archaeologists struggle to reconstruct the economies of the ancient world, because an economy is essential to any society, past or present. to understand the evolution of economies is to better understand people of all places and of all times. captions by captionamerica, pittsburgh, pa. funding for this program was provided by... for more information on t annenberg media ♪ provided by: narrador: en este episodio raquel y arturo siguen con la búsqueda de angel el hijo de rosario y...
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Dec 4, 2013
12/13
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ALJAZAM
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these trends are bad for our economy. one study finds that growth is more fragile and recessions are more frequent in countries with greater inequality. and that makes sense. when families have less to spend that means businesses have fewer customers. and households rack up greater mortgage and credit card debt. meanwhile concentrated wealth at the top is less likely to result in the broodly based consumer spending that drives our economy. rising inequality and declining mobility are also bad for our families and social cohesion, not just because we tend to trust our institutions less, but studies show we actually tend to trust each other less when there's greater inequality. and greater inequality is associated with less mobility between generations. that means the effects last. it creates a vicious cycle. for example, by the time she turns three years old, a child born into a low-income home hears 30 million fewer words than a child from well-off family. which means by the time she starts school she is already behind an
these trends are bad for our economy. one study finds that growth is more fragile and recessions are more frequent in countries with greater inequality. and that makes sense. when families have less to spend that means businesses have fewer customers. and households rack up greater mortgage and credit card debt. meanwhile concentrated wealth at the top is less likely to result in the broodly based consumer spending that drives our economy. rising inequality and declining mobility are also bad...
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economy i think was the u.k. guilt because in the march budget ten year gilts were trading at one point eight percent with the autumn statement is now at two point nine two percent so let's look at some of the lies that he had to tell in order to make the economy here look better well workers' overall pay has not fallen insists george osborne george osborne is to claim that workers overall pay has not fallen despite official figures showing that the wages of middle income families have dropped by five thousand pounds over the past five years so that's a drop of six point four percent according to the office of national statistics george osborne is saying those are a lie he's going to come out with his own report to show that in fact those numbers are deceptive yeah george osborne is thought so much a clown as he is one of these french minds and but he speaks which is kind of interesting for a mind he's more of a friend of mine it's a path to mine show and he believes that these numbers do not tell the truth these
economy i think was the u.k. guilt because in the march budget ten year gilts were trading at one point eight percent with the autumn statement is now at two point nine two percent so let's look at some of the lies that he had to tell in order to make the economy here look better well workers' overall pay has not fallen insists george osborne george osborne is to claim that workers overall pay has not fallen despite official figures showing that the wages of middle income families have dropped...
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Dec 9, 2013
12/13
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MSNBCW
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is it the improving economy or is he divorced from the economy? >> it's really an important question because as susan said, it is difficult to really bounce back. if the economy does improve, that will help. no question about that. one of the things we have seen in public opinion over the last 60 days really is that this kind of base he had beneath him which is that people thought he was an honest president or a strong leader, some of that eroded significantly and i think that's the question as to whether even if the health care law seems to be working pretty well and even if the economy comes back, whether this sense of him as a weak president or somebody who was too detached has taken hold and it does divorce him from the forces that are changing the economy. >> fred, when you look at 2014, i know that it's easy to say it's going to be a bad year for the democrats because of health care and the president's job rating. you have this recovering economy. i assume that benefits all incumbent governors first. does it help democrats? >> yes, i do. i t
is it the improving economy or is he divorced from the economy? >> it's really an important question because as susan said, it is difficult to really bounce back. if the economy does improve, that will help. no question about that. one of the things we have seen in public opinion over the last 60 days really is that this kind of base he had beneath him which is that people thought he was an honest president or a strong leader, some of that eroded significantly and i think that's the...
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Dec 9, 2013
12/13
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BLOOMBERG
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landmarkelebrating at deal that could add to the global economy. it is the first deal in the 18 year history of the wto. to help globalpt commerce and food shortages. several street firms are under investigation for the hiring. they have widening inquiring where children of high politician and clients are hired. the u.s. -- there was a big surplus in years. here is a breakdown. >> that is right. almost close to five years. exports beat estimates. , less than expected, but still up. that was as traders where -- existing stock house. -- piles. there's global momentum. european companies and south korea and the u.s. -- when analysts look at the figure, they are slightly disappointed. it shows that china is not importing as much as you would like. a user the sense that perhaps domestic is soft. really focus on the important part of the equation. they have no the export art. can they show that they are not as reliant on exports and that there is a favor for domestic consumption. cbi. begin with coming in at 3%. of course, it is within that target 3%. go
landmarkelebrating at deal that could add to the global economy. it is the first deal in the 18 year history of the wto. to help globalpt commerce and food shortages. several street firms are under investigation for the hiring. they have widening inquiring where children of high politician and clients are hired. the u.s. -- there was a big surplus in years. here is a breakdown. >> that is right. almost close to five years. exports beat estimates. , less than expected, but still up. that...
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Dec 2, 2013
12/13
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CNBC
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economy is necessarily going to be good for the israeli economy. they're the largest trading partner with israel and the e.u. is second. the conciliatory tone is one that we heard him talking about tehran. we're hearing it from the gulf states as well. you have the gulf arabs as well as the israelis, they're kicking at the traces but in the end they realize they're still pulling the same cart, which is the cart of the u.s. foreign policy so they have to get on board at some point. later this week in bahrain, foreign ministers from the united states, from the u.k., gulf states, egypt will be meeting and sitting down. they invited their iranian counterpart as well. we can learn more about how this agreement is going to play out. >> yeah. so we'll have to see how that plans out, hadley. another follow-up. cutting things, that's interesting when we're wondering what was going to happen with iran. >> exactly. he gave me a wink. he said there was going to be fights with the ministries. he didn't want to touch education or hurt welfare basically spending.
economy is necessarily going to be good for the israeli economy. they're the largest trading partner with israel and the e.u. is second. the conciliatory tone is one that we heard him talking about tehran. we're hearing it from the gulf states as well. you have the gulf arabs as well as the israelis, they're kicking at the traces but in the end they realize they're still pulling the same cart, which is the cart of the u.s. foreign policy so they have to get on board at some point. later this...
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Dec 8, 2013
12/13
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BLOOMBERG
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economy is good for the japanese economy. not the best number in the world but by no means the worst. >> how are investors supposed to play this dataset? >> we still find a large number have exposureot to the japanese equity markets in any form. we think that is a big mistake. there has been significant increases in value. we expect further significant increases in value. there is almost no doubt that there are going to be some big winners in the japanese economy going forward. >> thank you so much for that. >> all right. thank you so much for thoughts on the dataset. remember wincing attachment writing a letter with a real pen? things have changed. with the rise of mobile devices, one company is holding onto tradition. honda vehicles have been to the pen maker to see how fast honda nichols has been to the pen maker to see how it has survived. gloves at the pen factory. who really uses pens in the digital age? get, theotifications i more i appreciate it. there is a strong hunger for that. a mass manufacturer. eight charlie ch
economy is good for the japanese economy. not the best number in the world but by no means the worst. >> how are investors supposed to play this dataset? >> we still find a large number have exposureot to the japanese equity markets in any form. we think that is a big mistake. there has been significant increases in value. we expect further significant increases in value. there is almost no doubt that there are going to be some big winners in the japanese economy going forward....
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trajectory in the world economy although they have all been showing signs of some weakness. in recent months because the global situation is not good and the crisis in the global system is continuing to work itself out over many years and that affects everyone including the british. let's get a cold and talk about this weeks a lot of. small school day joseph i know how the dual screen with the traditional l.c.d. color display alongside electronic paper display on the system and so you. can do device on the one side is helping people in several although you're paying interest is right up prices around six hundred seventy five dollars a year up to six hundred dollars in russia which is actually still a cheaper than competitors like i phone five in the stumps and galaxy. russia's largest employer of russian ballets has put a third of its employees about three hundred thousand on schultz and walking allies the head of them and. says that the part time shuttle is necessary given the current economic climate the decline in rail the ace. russia's central bank wants my bank declared
trajectory in the world economy although they have all been showing signs of some weakness. in recent months because the global situation is not good and the crisis in the global system is continuing to work itself out over many years and that affects everyone including the british. let's get a cold and talk about this weeks a lot of. small school day joseph i know how the dual screen with the traditional l.c.d. color display alongside electronic paper display on the system and so you. can do...
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economy. pope francis was very clear. said red crescent? [laughter] he cares about the message of christ's. we have to heed the words of poverty spread first of all, i would like to issue to the opel for issues of god island rather listen to stephen on issues of the economy. [laughter] capitalism has allowed it billion people to do triple for space it, over the past seven years the pope shed cozied up to us. >> i see it you could work as a child of the cold wind. in arkansas with people working two years with their kidss 60,000 but that is on a lot in california just with cost-of-living does not always work is great to raise minimum-wage there is too many variables that point to a clear path but ideally you do not want that of all wages and the recession you want to increase unemployment and you want those of benefits to drive wages down and the value could save that with unemployment benefits but they could never do that to adjust the problem with having a supply of that now is you want peopl
economy. pope francis was very clear. said red crescent? [laughter] he cares about the message of christ's. we have to heed the words of poverty spread first of all, i would like to issue to the opel for issues of god island rather listen to stephen on issues of the economy. [laughter] capitalism has allowed it billion people to do triple for space it, over the past seven years the pope shed cozied up to us. >> i see it you could work as a child of the cold wind. in arkansas with people...
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Dec 4, 2013
12/13
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ALJAZAM
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economy is growing but so is the income gap between the rich and the poor. president obama will talk about how to change that and other aspects of the economy when he speaks at a washington think tank in just a few minutes. mike viqueira joins us from washington. mike, good morning, what are some of the main points the president is expected to address? >> reporter: you are right, the president turning a page now after the last two months healthcare.gov debacle. he is going to talk about the grows gap between rich and poor. it's not a new story or a new subject for president obama. he talked ariel castro it two years ago in a benchmark speech in kansas. and he spoke a little bit about in this year's state of the union. the top 1% in this country have seen their income triple over the course of the last 28 years, meanwhile the middle class has scene their income grow at a modest 1% on average over the course of that same time annually. so the president will be talking about that. he'll be talking once again renewing his call to raise the minimum wage. a lot of
economy is growing but so is the income gap between the rich and the poor. president obama will talk about how to change that and other aspects of the economy when he speaks at a washington think tank in just a few minutes. mike viqueira joins us from washington. mike, good morning, what are some of the main points the president is expected to address? >> reporter: you are right, the president turning a page now after the last two months healthcare.gov debacle. he is going to talk about...
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Dec 7, 2013
12/13
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KQED
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it looks like good news for the economy is finally good news for wall street. stocks rose sharply because of a super strong jobs report. american businesses added 2,300 jobs in november, much more than expected, and the nation's unemployment rate fell to 7% even, that's a five-year low. the rally was broad base with all ten sectors of the s&p 500 index on the plus side. today's gains come after five straight losing sessions on fears that a stronger economy would be the cat list for the federal reserve to cut back on the stimulus plan. now it looks like investors and traders believe a growing economy is good news. so here is a look at today's closing numbers. the dow shot up almost 200 points back above the 16,000 level. the nasdaq jumped about 30 and s&p rose 20 points returning to the 1800 mark again. >>> so where are all those jobs, and what do the gains mean for the economy? hampton pearson takes a look. >> just in time for the holidays, tanger outlets opened this 100 million dollar complex with 80 high-end retailers outside washington d.c. in light of today
it looks like good news for the economy is finally good news for wall street. stocks rose sharply because of a super strong jobs report. american businesses added 2,300 jobs in november, much more than expected, and the nation's unemployment rate fell to 7% even, that's a five-year low. the rally was broad base with all ten sectors of the s&p 500 index on the plus side. today's gains come after five straight losing sessions on fears that a stronger economy would be the cat list for the...
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as we know they are in a transition period at the moment as an economy. that is a wonderful question and this is really the crux of the matter because at the moment china is sitting on around three and a half trillion u.s. dollars worth of foreign reserves now china doesn't really want to increase that amount to foreign reserves which is why it is trying to make the u.n. more tradeable in other words when you buy goods from china china is saying we're going to pack in trying the u.n. so that we don't have to sort of keep on taking in all these foreign reserves now eventually china as you quite rightly say is going to move from being export led to becoming more consumer led in other words they will have to spend some of those foreign reserves in order to buy foreign goods but i suspect you know china did really doesn't want to run down its foreign reserves too much but they would much prefer to use the chinese yuan which you can control itself you can print as much chinese yuan as it wants to so if it wants to start buying goods from the outside world it m
as we know they are in a transition period at the moment as an economy. that is a wonderful question and this is really the crux of the matter because at the moment china is sitting on around three and a half trillion u.s. dollars worth of foreign reserves now china doesn't really want to increase that amount to foreign reserves which is why it is trying to make the u.n. more tradeable in other words when you buy goods from china china is saying we're going to pack in trying the u.n. so that we...
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find out what's really happening to the global economy in the kinds of reports on. the media leave us so we leave that maybe. by the same motion suit your. play your part of the physical. issues that no one is asking with the guests that you deserve answers from it's all on politicking only on our t.v. . welcome back you're watching our theatre national i'm marina joshie now to iceland were some controversial ways of jumpstarting economy are being rolled out instead of trying to save the bankrupt banks the government let them go to the wall leadership then decided to reject a last deposit repayment scheme swayed by protesters who said this wouldn't be fair instead every household in the country will have twenty four thousand euros written off their mortgage banking executives accused of causing the crisis in the first place are also being pursued by the state professor of economics rodney shakespeare believes that iceland is setting a remarkable example you must rely on your own national bank for your own uses for your own really calling me for the spreading and if
find out what's really happening to the global economy in the kinds of reports on. the media leave us so we leave that maybe. by the same motion suit your. play your part of the physical. issues that no one is asking with the guests that you deserve answers from it's all on politicking only on our t.v. . welcome back you're watching our theatre national i'm marina joshie now to iceland were some controversial ways of jumpstarting economy are being rolled out instead of trying to save the...
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is spending cuts to deal with their ailing economy there's no recovery in sight nor will there be for quite some time to protest too but assign it to stick with brussels assist with austerity ice and cannot be directly compared because of course of the size of the economies and indeed the population as well go i said with three hundred twenty thousand greece with eleven point three million people plus although foreign debt in iceland was six times higher than g.d.p. during the crash greece however after four years of austerity measures designed to reduce greece's public debt has instead continued to grow to one hundred seventy five percent of g.d.p. and the biggest difference of all of course greece has the euro iceland has the freedom of their own currency. let's get more perspective now from rodney shakespeare he's a professor of binary economics joining us from our london studios so do you share this optimism that iceland really is enjoying a financial recovery now. iceland is quite right to make an upfront challenge to the global financial system. unless you say that you're going
is spending cuts to deal with their ailing economy there's no recovery in sight nor will there be for quite some time to protest too but assign it to stick with brussels assist with austerity ice and cannot be directly compared because of course of the size of the economies and indeed the population as well go i said with three hundred twenty thousand greece with eleven point three million people plus although foreign debt in iceland was six times higher than g.d.p. during the crash greece...
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Dec 5, 2013
12/13
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ALJAZAM
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you may think that's bad news for the economy. over the long run that's true but in firs lowbut low productis an omen. >> good to see you. six big global banks accused of colluding to create line libor, setting the interest rate from everything, student loans to credit cards. citibank will play another $95 million as part of the settlement. as debated for three years now the rule could be a harsh reality for wall street. they're expected to pass a stricter version of the letter to keep from making speculative trades. they can't use your fossed mountain or cheaper borrowed money for trading. i have a full plate today but as we get close for next tuesday i'm going to make sure that we explain the control rule to you. doctor, doctor, why won't you take my obama insurance. why many physicians fear obama will hurt their bottom line and they've decided not to participate. and then pay your damn parking tickets. we'll have that story when we return. >> more than 29 the thousand americans enrolled in health plans over the weekend. that's
you may think that's bad news for the economy. over the long run that's true but in firs lowbut low productis an omen. >> good to see you. six big global banks accused of colluding to create line libor, setting the interest rate from everything, student loans to credit cards. citibank will play another $95 million as part of the settlement. as debated for three years now the rule could be a harsh reality for wall street. they're expected to pass a stricter version of the letter to keep...
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Dec 10, 2013
12/13
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KQED
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economy. we've got big head winds from europe, from the currency, from ongoing deleveraging from households, we need to provide a lot of stimulus. but that stimulus can create risk. you mentioned the housing market, that's one example. we need to take other steps in order to reduce those risks. manage those risks, mitigate those risks and if we -- because if we don't we're going to create bigger problems down the road or we're going to have to pull back too soon on monetary policy which is the last thing we want to do. >> rose: we conclude with michael dell who just completed taking his company private. >> what i will say is that i'm very proud that during the time our company was public our stock appreciated over 13,500%, which was 27 times the amount of the s&p 500 during that same period. so, yeah, we missed something. everybody misses some things but we built one heck of a business. it's still one heck of a business and now it's growing at double digit rates and we're investing for the fut
economy. we've got big head winds from europe, from the currency, from ongoing deleveraging from households, we need to provide a lot of stimulus. but that stimulus can create risk. you mentioned the housing market, that's one example. we need to take other steps in order to reduce those risks. manage those risks, mitigate those risks and if we -- because if we don't we're going to create bigger problems down the road or we're going to have to pull back too soon on monetary policy which is the...
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Dec 5, 2013
12/13
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CSPAN
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instead of doing bad things to the economy, we should be doing things to help move the economy forward. we have a proposal to invest more in our national infrastructure. as do people around the country, that we have huge unmet needs in that sector. it is a win-win to get jobs moving on that front. we pay for that infrastructure by saying that spent more of the moneys that were going to be spent on nationbuilding overseas to help invest in our economy right here at home. we have built lots of roads and lots of facilities in places like afghanistan. but sale at -- we are saying let's take some of those savings and invest them at home. invest in theo jobs of the future through early education. we believe we have to replace the sequester, no doubt about it. we understand that we may not be able to replace the whole thing at once, that we need to replace it, and we need to replace it in a balanced way, a way that calls for shared responsibility, which is why we have said from the beginning that in addition to making targeted cuts, we should also look at closing special interest tax breaks t
instead of doing bad things to the economy, we should be doing things to help move the economy forward. we have a proposal to invest more in our national infrastructure. as do people around the country, that we have huge unmet needs in that sector. it is a win-win to get jobs moving on that front. we pay for that infrastructure by saying that spent more of the moneys that were going to be spent on nationbuilding overseas to help invest in our economy right here at home. we have built lots of...
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basically a economy without a lot of dynamism. 2% would be okay if we were full employment, economy's potential, somewhere around 2 1/2%. liz: interesting to me we're saying, very thing some people in congress asked for, particularly conservatives, slim down, cut back, they did. you're saying that because of those cutbacks that is the drag on the economy? >> absolutely. i mean in other contexts you could talk about the private sector making up the gap but when we're still so far full employment, so much excess capacity, no one rushes out to invest because the local government laid off school teachers or federal government laid off air traffic controllers. doesn't make any sense. we need the demand in the economy. we're just not getting it. liz: what should we be doing? we've done what one side wanted to do, that is cut back on government jobs. we've done what the democrats wanted to do, the president got a stimulus passed. president bush went through with the tarp and bailed out the auto industry. yet we're not seeing the job growth or unemployment rate at levels we need to see it at.
basically a economy without a lot of dynamism. 2% would be okay if we were full employment, economy's potential, somewhere around 2 1/2%. liz: interesting to me we're saying, very thing some people in congress asked for, particularly conservatives, slim down, cut back, they did. you're saying that because of those cutbacks that is the drag on the economy? >> absolutely. i mean in other contexts you could talk about the private sector making up the gap but when we're still so far full...
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Dec 4, 2013
12/13
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MSNBCW
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the other issue, obviously, is the economy. high unemployment, growing disparity in wealth and income in this country. >> vermont senator bernie sanders, great to have you on this morning. thanks for your time. >> thank you. >> absolutely. >>> after the president's speech on the economy this morning, he's going t stop by this afternoon's white house youth summit. the goal is to engage the so-called young invincibles, ages 18 to 35, that the white house is banking on to make obama care a success. joining me is dr. coreyhebert and elizabeth plank, executive social editor at policy mike. it's great to have you both here. elizabeth, in just a few hours policy mike is launching this week-long competition at today's youth summit. tell us about the competition and how you're hoping to engage the conversation about insurance. >> sure. we're really excited to be launching this competition today at the white house. we're going to be inviting millennials from across the country to give their ideas, their proposals and project ideas about
the other issue, obviously, is the economy. high unemployment, growing disparity in wealth and income in this country. >> vermont senator bernie sanders, great to have you on this morning. thanks for your time. >> thank you. >> absolutely. >>> after the president's speech on the economy this morning, he's going t stop by this afternoon's white house youth summit. the goal is to engage the so-called young invincibles, ages 18 to 35, that the white house is banking on...
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Dec 6, 2013
12/13
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CSPAN
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i want to emphasize that although the economy has improved, it is far from a healthy economy that provides job opportunities for all who need and want to work, particularly the long-term unemployed. unemployment remains higher than it was before the recession and it has kicked down a little bit since the last time the program was renewed but in reality, that's because of labor force dropouts as opposed to a real decline in unemployment. if we included all the missing workers in our unemployment count, unemployment today would be 11%. this is not the kind of economy in which people struggling with long-term unemployment can find jobs. there are still officially three unemployed workers for every single job opening which means each month to out of three unemployed workers is completely out of luck when it comes to finding a job. second, i want to talk about the demographics of the long-term unemployed because this is important. the demographics are part in it are part of who lost jobs first and who suffered the most. while unemployment has cut across every demographic rubin our economy, work
i want to emphasize that although the economy has improved, it is far from a healthy economy that provides job opportunities for all who need and want to work, particularly the long-term unemployed. unemployment remains higher than it was before the recession and it has kicked down a little bit since the last time the program was renewed but in reality, that's because of labor force dropouts as opposed to a real decline in unemployment. if we included all the missing workers in our unemployment...
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Dec 5, 2013
12/13
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MSNBCW
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economy. those are the jobs we need to raise wages for. >> jack brings up an important point, seven out of ten growth occupyings through 2020 are low-wage jobs. this the american job market. the president has supported this, we have a lot of democrats who have come out and supported thchl i think it is much harder, actually, for conservatives to dismiss the minimum wage in the way they dismiss other parts of the social safety net. this is not an entitlement program. there's economic stimulus. i think this puts conservatives in a tough position. >> it does put republicans in a tough position. majority of republicans think this is a good idea. the president talked beauty this yesterday. he's been talking about this for as long as he's been in public life. how is it we get more hone into the hands of working americans so we can grow the economy with people actually going out and working every day and building the economy with their hands and their brains. the next challenge for the democrats, how
economy. those are the jobs we need to raise wages for. >> jack brings up an important point, seven out of ten growth occupyings through 2020 are low-wage jobs. this the american job market. the president has supported this, we have a lot of democrats who have come out and supported thchl i think it is much harder, actually, for conservatives to dismiss the minimum wage in the way they dismiss other parts of the social safety net. this is not an entitlement program. there's economic...
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Dec 2, 2013
12/13
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LINKTV
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a market economy does have its own principle of income distribution. a market economy pays people more the mo economically productive they are. this principle probably keeps the productive process running rather smoothly, and this ultimately provides more abundance for all of us. however, many people can get left out in this process-- for instance, people who att both poor and ill. when a poor person gets seriously ill, his already low productivity suffers a severe blow while his need for support mounts sharply-- often catastrophically-- given today's momeal medical costs. the medicaid program says, in effect, that this burden is too great r any individual to bear by himself. the market mayave a just appreciation of abilities, but it doesn't have a just appreciation of needs. society has to step in. there is always some cost to this. when you start redistributing income, you're increasing tax burdens on the economically more productive groups in the economy. medicare and medicaid programs have a tendency to up medical costs generally. as in many econom
a market economy does have its own principle of income distribution. a market economy pays people more the mo economically productive they are. this principle probably keeps the productive process running rather smoothly, and this ultimately provides more abundance for all of us. however, many people can get left out in this process-- for instance, people who att both poor and ill. when a poor person gets seriously ill, his already low productivity suffers a severe blow while his need for...
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economy i think was the u.k. guilt because in the march budget ten year gilts were trading at one point eight percent with the autumn statement it's now at two point nine two percent so let's look at some of the lies that he had to tell in order to make the economy here look better well workers' overall pay has not fallen insists george osborne george osborne is to claim that workers overall pay has not fallen despite official figures showing that the wages of middle income families have dropped by five thousand pounds over the past five years so that's a drop of six point four percent according to the office of national statistics george osborne is saying those are a lie he's going to come out with his own report to show that in fact those numbers are deceptive yeah george osborne is thought so much a clown as he is one of these french mind and but he speaks which is kind of interesting for a mind he's more of a friend of mine it's a pentagon show and he believes these numbers do not tell the truth these are all
economy i think was the u.k. guilt because in the march budget ten year gilts were trading at one point eight percent with the autumn statement it's now at two point nine two percent so let's look at some of the lies that he had to tell in order to make the economy here look better well workers' overall pay has not fallen insists george osborne george osborne is to claim that workers overall pay has not fallen despite official figures showing that the wages of middle income families have...
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the economy. is the public that just goes up and i don't think the country can afford it it will be very great to you know everyone could buy a house. i think it's a good thing we used to have laws in germany where you could get subsidies as a home owner but that's a thing of a past this is ok if you didn't get this i think for individual people it would be good news but not for the country you never know where the money comes from for such gifts i says crisis plan though controversial has helped many there stave off financial disaster but here's what happens when government measures don't go so well almost a quarter of people in the live under the threat of poverty that's more than one hundred twenty million people too are the latest additions to the block ball gary in romania topped the list of europe's poorest countries and next as he can offer reports even the founding e.u. states like italy and are struggling more than ever. marco used to work as a pizza your many talents used to call it the
the economy. is the public that just goes up and i don't think the country can afford it it will be very great to you know everyone could buy a house. i think it's a good thing we used to have laws in germany where you could get subsidies as a home owner but that's a thing of a past this is ok if you didn't get this i think for individual people it would be good news but not for the country you never know where the money comes from for such gifts i says crisis plan though controversial has...
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and this is the people who can't even afford to eat this is looking at the true state of the british economy now george osborne as we said he likes the deny the statistics deny the actual facts but tweet from the independent reads experts said government may be covering up how austerity and welfare cuts are adding to food crisis hunger in britain has reached the level of a quote public health emergency and the government may be covering up the extent to which all stared and welfare cuts are adding to the problem leading experts have said this is from the british medical journal and they spoke to a group of doctors senior academics and two leading universities all the way to calculate g.d.p. in this country is how many people are killing so it's really debt per death or a death so they'll be fuel poverty this winter meaning people will die like they did last winter and that will add to the g.d.p. so i was born talk about g.d.p. growth these are showing dead bodies and the first we looked at bodies over helps our g.d.p. growth. so the report by these doctors and universities. is that a surge i
and this is the people who can't even afford to eat this is looking at the true state of the british economy now george osborne as we said he likes the deny the statistics deny the actual facts but tweet from the independent reads experts said government may be covering up how austerity and welfare cuts are adding to food crisis hunger in britain has reached the level of a quote public health emergency and the government may be covering up the extent to which all stared and welfare cuts are...
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economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. dennis: the jobs market seems to be going in the right direction of that will it allow jobless benefits anyway? we have christopher dodd and jaundice and do you feel based on today's numbers it was a key jobs report that first of all, to start with men of wage? raised the minimum wage? >> no reason why people who work full time should not be able to afford to live. read a living wage where people could feel proud of what they do of what ever it is said the jobs created our service level jobs. a lot of people who have been through world war i of the unionized workers are of manufacturing paint is working in the service sector. then now these people go to work but now the government has to subsidize. stay back here is the
economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. dennis: the jobs market seems to be going in the right direction of that will it allow jobless benefits anyway? we have christopher dodd and jaundice and do you feel based on today's numbers it was a key jobs report that...
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Dec 8, 2013
12/13
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the economy is growing more slowly than it has in the last 50 years. the economy is growing slowly. and what happens under those circumstances nobody can afford to pay higher wages. you can say whatever else that you want about the wealthy and i don't disagree with that. but nar is a weak economy and it makes it impossible for us. and we're not competitive in a lot of manufacturing jobs. we've got to find a way to improve the education of these people because it's in the hi tech jobs where the money is being paid. >> the americans dropped down in reading and math. you get the small businesses and you get the mcdonald's and all of these folks and you raise that minimum wage that high and some of those places will shut down and go out of business. there's a tradeoff. lost jobs for higher money yum wage. >> no they won't. wal-mart will pass the loss off on customers. >> this is a political gamble by the president and he's going for the inequality issue. and what is the republicans' answer? >> they have found no evidence of loss of job the result of raising the minimum wage. and you can
the economy is growing more slowly than it has in the last 50 years. the economy is growing slowly. and what happens under those circumstances nobody can afford to pay higher wages. you can say whatever else that you want about the wealthy and i don't disagree with that. but nar is a weak economy and it makes it impossible for us. and we're not competitive in a lot of manufacturing jobs. we've got to find a way to improve the education of these people because it's in the hi tech jobs where the...
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Dec 9, 2013
12/13
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BLOOMBERG
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saw thenk everybody andgreement between india other developing economies with respect to developed economies on the agriculture package. this was the so-called g 33 proposal where the developing economies spearheaded by india insisted on basically linking the interim solution for the agriculture package to a permanent solution. this was something that was very difficult for the developed economies to accept. we came to a landing and that was one area of other was when the cubans along with three other countries, nicaragua, bolivia and venezuela, basically were suggesting that some change be made in a very last-minute. this was in the wee hours of saturday, way past the deadline of the meeting. we managed to pull through. on12:30, shortly after noon saturday, we were able to get all 160 countries to agree. i think a lot of this should go to roberto, the director general of the wto who basically showed the patients, the first appearance -- the perseverance to put everybody together. placeas been a very good for lots of agreements to take place. the is probably some of factors. these are some o
saw thenk everybody andgreement between india other developing economies with respect to developed economies on the agriculture package. this was the so-called g 33 proposal where the developing economies spearheaded by india insisted on basically linking the interim solution for the agriculture package to a permanent solution. this was something that was very difficult for the developed economies to accept. we came to a landing and that was one area of other was when the cubans along with...
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Dec 10, 2013
12/13
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this is a drag on the economy, but it's not out of choice. the long-term unemployed want to be self-reliant. these benefits -- these aren't european-style benefits, where they're permanent. they're without end. and even there people say, i would much rather have a job than permanent benefits. it's just unclear what kind of labor market rand paul is really talking about if he thinks 26 weeks is enough to get a new job in this economy. >> and the only way you can qualify for unemployment benefits is by working. so this notion that it promotes dependency -- and there's basic elements of economics that the rand pauls do not understand about this. let's listen to what president obama said about how unemployment insurance works in this economy. >> unemployment insurance is one of the most effective ways there is to boost our economy. when people have money to spend on basic necessities, that means more customers for our businesses and ultimately more jobs. just this week, the nonpartisan congressional budget office predicted that allowing benefits
this is a drag on the economy, but it's not out of choice. the long-term unemployed want to be self-reliant. these benefits -- these aren't european-style benefits, where they're permanent. they're without end. and even there people say, i would much rather have a job than permanent benefits. it's just unclear what kind of labor market rand paul is really talking about if he thinks 26 weeks is enough to get a new job in this economy. >> and the only way you can qualify for unemployment...
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Dec 10, 2013
12/13
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economy. if the economy remains strong, more demand less supply fairs will go up. but, american and u.s. airs have been reported by the justice department to give up seven teen pair of slots at la guardia airport in new york. those slots will be divided up right now between southwest and virgin america. the national airport, the justice department wants to see those slots go to low fairs too. >> or is it simply because there are fewer airline that can say more for fees and that's that. >> they are as much of the aaron industry as wings are to an airplane. they are here, they are not going to go away, what we will see is a change in how airline sell them. american has offered different bundles. and obviously, if you are a more loyal customer, if you pay a business type of fair, or if you carry certain credit cards you may get exempted from those fees. >> henry heart of the industry, henry thank you for coming on, we appreciate it. >> sure. >> it took a merger to save american airlines, it took
economy. if the economy remains strong, more demand less supply fairs will go up. but, american and u.s. airs have been reported by the justice department to give up seven teen pair of slots at la guardia airport in new york. those slots will be divided up right now between southwest and virgin america. the national airport, the justice department wants to see those slots go to low fairs too. >> or is it simply because there are fewer airline that can say more for fees and that's that....
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Dec 6, 2013
12/13
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KQED
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horse economy. it ain't a racehorse. it ain't going to run the kentucky derby but it's not going to kill over and die, either. right now business leaders and executives are stuck in the middle. they don't see a boom coming but worried about problems and clearly worried about uncertainty with government policy. what that does is sticks them in the middle. i think another couple quarters of good economic data, more news of positive job growth and you're likely to see that happen. >> okay. >> one other quick thing and that is it just costs less to buy computers today, to make investmen investments. their businesses are investing but sometimes when we look at the spending itself, if they spend less on a computer, it may look like they are not even though they are investing. >> we'll see what 2014 holds. >>> meanwhile, mortgage rates edged higher this week following encouraging data about new home sales and job growth. the average rate on a 30-year fixed rate is 4.46%, up from 4.29% just last week, accor
horse economy. it ain't a racehorse. it ain't going to run the kentucky derby but it's not going to kill over and die, either. right now business leaders and executives are stuck in the middle. they don't see a boom coming but worried about problems and clearly worried about uncertainty with government policy. what that does is sticks them in the middle. i think another couple quarters of good economic data, more news of positive job growth and you're likely to see that happen. >> okay....
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Dec 9, 2013
12/13
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LINKTV
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two economies of roughly equal size means that the international involvement of those economies with each other and with the rt of the world are roughly on the same scale. so the international importance of the euro for private business is likely to be of roughly the same order of magnitude as the international importance of the dollar for private businesses. the creation of the euro was really a political event more than an economic event. of course it has economic consequences, but the reason the europeans did this was to accelerate their move to a european federation, to a united states of europe. schoumacher: having a common currency in which to do business, having increased the integration of european business enterprises and other activities across borders is more likely to create a single european market rather than a fragmented market. what the euro means is that member countries will no long be able to have their own monetary policies. what that means is that the interest rate in france and spain and germany and ireland must be the same, thereannot difft terest rates because
two economies of roughly equal size means that the international involvement of those economies with each other and with the rt of the world are roughly on the same scale. so the international importance of the euro for private business is likely to be of roughly the same order of magnitude as the international importance of the dollar for private businesses. the creation of the euro was really a political event more than an economic event. of course it has economic consequences, but the reason...
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Dec 6, 2013
12/13
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BLOOMBERG
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the economy contracted. a lot of concern in brazil at the moment. >> you get a sense that the designed to shine a light on the positives of the country, to get it to the front and center. you don't want the kind of that we have got at the moment. >> everyone is looking at you. over $1rica spent just billion of stadiums. brazil is spending three times theuch and everyone in country is asking questions, why? we need upgrades to infrastructure. there are a lot of people who need help. you saw it over the summer. a rising middle class demanding a -- more out of their government and asking why. they will be hoping the losses on the stadiums don't continue. >> thank you very much indeed, jonathan ferro. let's continue the conversation surrounding brazil. >> at skidmore on brazil after the tragic accident. brazil is set to meet the december deadline. while the stadium will eventually be complete, we want to know what deeper economic issues are thwarting progress. i am joined by gary greenberg, head of emerging mark
the economy contracted. a lot of concern in brazil at the moment. >> you get a sense that the designed to shine a light on the positives of the country, to get it to the front and center. you don't want the kind of that we have got at the moment. >> everyone is looking at you. over $1rica spent just billion of stadiums. brazil is spending three times theuch and everyone in country is asking questions, why? we need upgrades to infrastructure. there are a lot of people who need help....
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Dec 7, 2013
12/13
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good news for the white house and the economy. we'll see if it sustains into the fourth quarter and next month, and whether the deadline in washington. january the 15th, coming to an agreement. >> despite the economic news, 11 million americans are unemployed. since the recession, women have fared better than men in finding jobs. that's as more and more women are choosing to stay single and financially independent. >> marion luggett got married at 16, left her husband at 19. wanda was married at 17 and divorced later. >> i'm not going to depend on a >> i don't think i would have stepped out boldly or been successful if i had still been married. it's stad -- sad but true. >> these are two reflections of the marriage rate. half a century ago 61% of the population was married. now it's down to 35%. divorce is more common over the same period. from nine divorced women the rate climbs to 21 per thousand. marion and wanda represent the economic disparities. >> they haven't been used in 30-40 years. now they are going be developed into a
good news for the white house and the economy. we'll see if it sustains into the fourth quarter and next month, and whether the deadline in washington. january the 15th, coming to an agreement. >> despite the economic news, 11 million americans are unemployed. since the recession, women have fared better than men in finding jobs. that's as more and more women are choosing to stay single and financially independent. >> marion luggett got married at 16, left her husband at 19. wanda...
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Dec 6, 2013
12/13
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economy, a new report reveals the job picture is rienthing and unmroement is falling. a severe wind and ice storm is moving east. hundreds of thousands are without power, and travel problems are building. ♪ >>> in south africa and around the world people are k looking at the legacy of nelson mandela. meanwhile funeral plans are ama and the first lady will be there to pay their respects. here are some of the details of what is to come. on tuesday decemb10th an official public memorial will be held in johannesberg. his body will lay in state for three days. the memorial's culminate with a state funeral. finally, mandela will be buried on sunday december 15th. >> reporter: tributes are being paid and prayers made for the icon. and now the world can officially say good-bye to nelsonela on december 10th which will be the official memorial service. and then for the following three days his remains will lay in state. but before then south africans will have a chance to remember the man who change lives forever. >> we have declared the 8th of december as a national day of pr
economy, a new report reveals the job picture is rienthing and unmroement is falling. a severe wind and ice storm is moving east. hundreds of thousands are without power, and travel problems are building. ♪ >>> in south africa and around the world people are k looking at the legacy of nelson mandela. meanwhile funeral plans are ama and the first lady will be there to pay their respects. here are some of the details of what is to come. on tuesday decemb10th an official public memorial...
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Dec 6, 2013
12/13
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CNNW
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how long before we decide, object, the economy is improves? at the current rate we're going which is too slow, we'll be at two plus more years of unemployment rate at about 6.5%. what we really need to do is to create jobs. better jobs. this is where the minimum wage starts to come in. all the strikes we've been noticing. these are workers, especially fast food places that are demanding much higher wages than they're colonelly getting which is a start. >> we're talking about raising the minimum wage. nancy, rand paul, senator paul was in detroit today. and he laid out an economic strategy. some of which i like and some of which i think was problematic. one of the things he said he wanted to do was to lift the requirements of paying prevailing wage and paying a wage to construction workers that for union construction workers. he said i want to lift that burden from construction companies. we've been talking about raising the wage. do you think it is an i crease in prosperity? >> i think it could be if it creates jobs. as someone who had a recor
how long before we decide, object, the economy is improves? at the current rate we're going which is too slow, we'll be at two plus more years of unemployment rate at about 6.5%. what we really need to do is to create jobs. better jobs. this is where the minimum wage starts to come in. all the strikes we've been noticing. these are workers, especially fast food places that are demanding much higher wages than they're colonelly getting which is a start. >> we're talking about raising the...
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Dec 5, 2013
12/13
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BLOOMBERG
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the economy is stronger and improving. loweringhy people are the forecasts. a lot people are saying the same things and the volatility is down. the central banks are in the markets aggressively. whether or not that will last all of 2014 is a question. months?or the first six >> more likely than not. the economy will pick up stream -- steam and volatility is something that people are starting to think about whether or not that is appropriate. >> we will take a short break and continue our conversation with the head of markets research. manus cranny will give us an update in two minutes. in london, this is on the move. we are streaming on bloomberg.com and your tablet phone. francisco who is the head at goldman sachs. we're talking about 2014 and the terms. you talked about the trades. the second one that you are saying is in u.s. treasuries. >> we are recommending it to be short against european curves. the content is part of that is the federal reserve. if you look at the cross-section of interest rates, they are not where they should be, in relation to the m
the economy is stronger and improving. loweringhy people are the forecasts. a lot people are saying the same things and the volatility is down. the central banks are in the markets aggressively. whether or not that will last all of 2014 is a question. months?or the first six >> more likely than not. the economy will pick up stream -- steam and volatility is something that people are starting to think about whether or not that is appropriate. >> we will take a short break and...
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Dec 8, 2013
12/13
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quantity matters more than economy, still, this economy is starting to get more real. >> if you like your doctor, you can keep him, as long as why your doctor is still in your network approximate. >> smokers beware. a company says if you light up, there's no job for you. this is real money. >> this is real money, you are the most important part of the show, join our live conversation on twitter. this is a glass, and it's full. it's not half empty, it's no the half full. it's full. this glass represents the government's employment report. five years after the worst recession since the great depression, america's economic recovery appears to be on solid footing. in november, the u.s. economy added 203,000 net new jobs. that is coming off revised figures that now prove we've added almost 200,000 new jobs a month since the summer. so far, the economy is up 2.1 million jobs this clear. 2013 is likely to be the best year for hiring since 2005. now, all those new jobs tarting to make a real dent in the unemployment rate. it fell to 7% in november, a drop of .3 from october and lowest in fiv
quantity matters more than economy, still, this economy is starting to get more real. >> if you like your doctor, you can keep him, as long as why your doctor is still in your network approximate. >> smokers beware. a company says if you light up, there's no job for you. this is real money. >> this is real money, you are the most important part of the show, join our live conversation on twitter. this is a glass, and it's full. it's not half empty, it's no the half full. it's...
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Dec 3, 2013
12/13
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ALJAZAM
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so the economy is 15 trillion-dollar. so it will generate jobs when those people will spend that money. but it's not a jobs program. it's a wage program. that increase, that economic activity, those people will spend that money. it will increase the amount for foods and services. who produces the goods and services? more workers, more workers will bwillneed to be hired. >> and richard, help me out here. will you be less reluctant to add another worker or two on a shift if your marginal costs per hour have gone up 10% to 25%? >> well, you have to put that question in context. first of all most of our low wage jobs are in the retail and service industries. a study was done on impact of raging minimum wage to $12.25. in the real retail industry that would amount to 1 hers of annual sales. 6% of payroll. so we're not talking about a dramatic shift, number one. number two, would you hire them? i think the answer is if you want to stay in business and want to stay competitive, yes, you will. no question about it. we're looking
so the economy is 15 trillion-dollar. so it will generate jobs when those people will spend that money. but it's not a jobs program. it's a wage program. that increase, that economic activity, those people will spend that money. it will increase the amount for foods and services. who produces the goods and services? more workers, more workers will bwillneed to be hired. >> and richard, help me out here. will you be less reluctant to add another worker or two on a shift if your marginal...